A 1676 New Jersey General Assembly · 2026-2027 Regular Session

Makes supplemental appropriation of $35 million to "Urban and Rural Centers Unsafe Buildings Demolition Revolving Loan Fund."

This bill appropriates an additional $35 million from the state's General Fund to the Urban and Rural Centers Unsafe Buildings Demolition Revolving Loan Fund, established under P.L.1997, c.125. The fund provides low-cost loans to New Jersey municipalities for demolishing unsafe buildings in urban and rural centers. Repaid loans replenish the fund, allowing it to support future demolition projects without new appropriations. This directly assists local governments in addressing hazardous building conditions through a revolving financial mechanism.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2026 Last action Jan 13, 2026
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Jan 13, 2026
Introduced
Introduced, Referred to Assembly Community Development and Women's Affairs Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Verlina Reynolds-Jackson
Verlina Reynolds-Jackson
DDemocratic
NJ
15